Matter of Silliman

Appellant had commenced an action against respondent who had been his tenant for a cancellation of the lease and an accounting. While the action was pending the parties entered into an agreement to arbitrate. The agreement recited that Silliman had canceled his lease and agreement and intended to take possession of the leased property; that Carr was willing that, he should do so on proper compensation being made to him, wherefore, “to avoid a recourse to a suit in the courts,” the parties submitted to arbitration “the whole matter of settlement and adjustment of said lease and agreement and…